
Principles
Start-up typically focus on a simple problem-solution arc with iterative build–measure–learn loop. Some of the basic principles of typical Start-ups are:
- Lean startup is a clear set of principles focused on finding a problem worth solving, then defining a solution.
- Market validation for identifying customer need. It can be done in a number of ways like surveys, cold calling, emails, sample research or simple word of mouth.
- Design thinking is needed for finding customer needs in unbiased manner.
- Start-ups need to be flexible and agile since of lot of decisions are taken under uncertainty.
- Start-up may form partnerships with other firms, to become attractive to other businesses, and align their management style and products with the market situation.
- Start-ups need to learn at a faster pace before running out of resources. To learn effectively, founders often formulate falsifiable hypotheses, build a minimum viable product (MVP), and conduct A/B testing.
- With the key learnings from market validation, design thinking, and lean startup, founders can design a business model.
Here at Eagle Business Advisors
We will hold your hand carefully throughout your entrepreneurial journey. We help with
- Market study: We help you with pinpointing potential customers, potential competition with our market research.
- Partners and Investors: We help you connect with potential partners or investors for funding assistance.
- Registrations: Startup registration is a tedious and lengthy process. We assist you with all licenses and registrations matters.
- Knowledge Sharing: We organize knowledge sharing sessions with dignitaries across industries providing key learning pointers.